Kevin O’Leary is best known as “Mr. Wonderful” on Shark Tank. His main goal is to maximize the return on his capital. That extends into his daily living, as he knows what the true value of coffee is: 20 cents. To spend 1000% more on the value of coffee is absurd to him. He takes the rest of the money and invests it in businesses that will give him a return on his money. Every little amount counts.
One thing I heard last week is that bankruptcy, many times, occurs by a thousand little spends.
That being said, I spend $1.85 on coffee everyday. In my case, however, it’s different; I am paying for the labor of someone else making it, and for a few hours of leasing a table to conduct work and investing activities in a place that helps me to focus. So, for me, 20 cents for the coffee, and 65 cents for someone to make it for me, and $1 to rent a table for 3 hours.
Someone tell Starbucks that I’m ripping them off.
Here’s what he does with the money instead.
Source: Why ‘Shark Tank’ investor Kevin O’Leary refuses to spend $2.50 on a cup of coffee